New Delhi: As a part of its Sustainability Incubation Program, Alstom India on Monday awarded a grant of INR 1.5 crore to 10 startups that developed solutions in the areas of clean energy, shared mobility and multi modal solutions.
Accelerated by NSRCEL-IIMB (NS Raghavan Centre for Entrepreneurial Learning), the selected startups will be able to use the grant to develop and deploy their solutions.
In alignment with Alstom India’s pledge announced in 2022, second cohort, to begin in June 2023.
An expert jury including innovation leaders from Alstom screened over 200 applications and selected 20 startups for the incubation program. Of these, 10 startups have been selected for the grant support.
Olivier Loison, Managing Director, Alstom India, said, “Our contribution to sustainability is closely tied to the business we are in, which also makes it critical for us to take the lead in building and supporting the ecosystem we operate in. While we are bringing our vision of sustainable mobility to life through our business, we have also committed to make active social investments to nurture startups who share our vision. On that note, it is heartening to see incredible work done by the selected startups and it has been a delight to partner with NSRCEL-IIMB, given their body of work in innovation, technology and sustainable mobility”.
The incubation program itself has brought a whole host of partners across research & engineering, policy and market access to accelerate the journeys of these ventures. Through a combination of capacity & capability building, exposure to complementary partnerships, and funding; the incubation program will help sharpen the business and technology roadmaps of each venture to put them on a path to scale.
Anand Sri Ganesh, COO of NSRCEL at IIM Bangalore, said, “The climate and sustainability spaces are still emerging. Knowledge networks, business models, funding, policy environment – all of these are still weakly defined. Yet we are staring at a crisis in climate change. At NSRCEL we are committed to injecting innovation to solve for these priorities at scale, through the lens of entrepreneurship. Alstom’s commitment to the sector, and in supporting entrepreneurial innovation is an inspiration for other leading corporates to join the cause.”
